Roth SIMPLE IRA
I wanted to confirm that if an individual sets up a new Roth SIMPLE IRA and makes Roth contributions to it, that it will not effect the ability for that same individual to continue with their back-door Roth IRA annual funding strategy. I assume not but wanted to know if there is anything I am missing. This individual does not have any other pre-tax IRA assets presently.
Permalink Submitted by Alan - IRA critic on Wed, 2024-08-07 13:56
Simple Roth IRA contributions will not affect the back door Roth strategy as pre tax SIMPLE IRA contributions would.